Solution:
Marigold Corp. | ||
Balance sheet | ||
For the Period Ended December 31, 2017 | ||
Assets | ||
Cash | $ 22,880 | |
Accounts Recivable | $ 73,840 | |
Total Assets | $ 96,720 | |
Liabilities and stockholder's Equity | ||
Current liabilities: | ||
Accounts Payable | $ 67,600 | |
Stockholders` Equity | ||
Common Stock | $ 18,720 | |
Retained Earnings | $ 10,400 | |
$ 29,120 | ||
Total liabilities and stockholder's equity | $ 96,720 |
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